World stocks up as Europe announces new debt steps (AP)

By admin on October 13th, 2011

Galleon hedge fund founder Raj Rajaratnam leaves the federal court after a hearing in New York in this March 4, 2011 file photo. One-time hedge fund tycoon Rajaratnam, convicted in the biggest Wall Street insider-trading case in decades, hears his punishment in court on October 13, 2011 with all signs pointing to a lengthy prison term. Rajaratnam, 54, whose Galleon Group managed $7 billion at its peak, could face almost 25 years in prison. REUTERS/Jessica Rinaldi/Files (UNITED STATES - Tags: BUSINESS CRIME LAW HEADSHOT)AP – Investors waded into stocks Thursday, heartened by new efforts by European leaders to strengthen their continent’s banks and deal with Greece’s massive debts.


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